Ex-Morgan Stanley private equity boss launches own firm

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MD who left when Wall Street bank pulled back from dealmaking in Europe, teams up with a former Change Capital exec

By Vivek Ahuja

The former head of Morgan Stanley’s private equity investment team in Europe, who left after nearly two decades when the bank retreated from doing deals in the region last year, is set to launch a new venture.

Forty-one year old Jean-Marc Jabre has re-emerged as one of two members of a new partnership called Capital D GP – GP stands for general partner in the private equity industry – according to a filing with the UK’s Companies House.

Jabre was a managing director who led Morgan Stanley Capital Partners in Europe until his departure and had been part of that team since 2007, according to his LinkedIn profile.

Morgan Stanley Capital Partners is the Wall Street bank’s mid-market private equity investing platform, whose strategy now focuses on investment opportunities in North America after deciding in summer last year to retreat from European deals. Sky News reported at the time that senior managers including Jabre had been let go by the bank.

Jabre joined Morgan Stanley in New York in 1998 and also had stints its debt restructuring, venture capital and corporate finance teams.

He could not be reached for comment.

The other partner at Kensington-based Capital D GP is Stephan Lobmeyr, formerly of Change Capital Partners, the European consumer sector-focused private equity firm founded in 2003 by former Marks & Spencer chairman Luc Vandevelde.

Lobmeyr, 51, previously worked at Hicks, Muse, Tate & Furst, where he helped build the US buyout firm’s European business.

At Change Capital, he selected new investment opportunities by screening potential businesses, structured transactions and worked with the firm’s partner companies, according to the firm’s website.

Change Capital confirmed Lobmeyr’s departure, saying in a statement: “After 12 years as a partner of Change Capital, Stephan Lobmeyr has left the firm to pursue other private equity opportunities. Stephan has been a valuable member of Change Capital and departs the business with the full support and gratitude of the team.”

fnlondon.com

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